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Spending on the rationalization of OTC instrument valuation systems is adding to the total bill for the OTC overhaul
A new day is dawning for over-the-counter (OTC) instrument valuations, independent of the Dodd-Frank Act, and it’s causing firms to streamline the fragmented and incompatible systems of their front, middle and back offices. The revamping will result in a spending boost to $383 million by 2014, according Celent, the market research division of Oliver Wyman,...
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